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Waltham, MA,
November 14, 2006
-- Salary.com, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. Upon effectiveness of the registration statement, the common stock is expected to trade on The NASDAQ Global Market under the symbol SLRY.
Thomas Weisel Partners LLC will act as sole book runner for the offering and William Blair & Company will act as co-lead manager. Needham & Company, LLC, Wachovia Securities, and Pacific Crest Securities will be co-managers.
Salary.com is a leading provider of on-demand compensation management solutions that help customers determine how much to pay new and existing employees and manage overall compensation programs. Its comprehensive on-demand software applications are integrated with proprietary market intelligence data sets, which contain base, bonus and incentive pay data for positions held by more than 73% of U.S. employees and similar data for the top executives in over 10,000 U.S. public companies. As a result, Salary.com’s customers are able to make compensation management decisions based on the most up-to-date, accurate and comprehensive information.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
When available, copies of the preliminary prospectus relating to the offering may be obtained from Thomas Weisel Partners LLC, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by calling 415-364-2720.
About Salary.com, Inc.
Salary.com is a leading provider of on-demand compensation management solutions helping businesses and individuals manage pay and performance. Salary.com provides companies of all sizes comprehensive on-demand software applications that are tightly integrated with its own proprietary compensation data sets, thereby automating the essential elements of the compensation management process and significantly improving the effectiveness of its client’s compensation spend. For more information, visit www.salary.com.
Media Contact:
David Close/Bill Keeler
Schwartz Communications
(781) 684-0770
Investor Contacts:
Kenneth S. Goldman, SVP & CFO
Salary.com, Inc.
(781) 464-7386
Garo Toomajanian
Integrated Corporate Relations
(617) 956-6728
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